Aramco Report

A steady decline in mortgage rates over the past year has led to a significant increase in home sales in San Diego County. According to new data from CoreLogic, sales shot up 14.7 percent in September compared to a year ago.
The 3,393 home sales in the region during the month is up from 2,959 in Sep...

The Federal Reserve announced this week that it was lowering its benchmark federal funds rate for the third time this year but hinted at a pause in further rate cuts for the time being. The policy statement released on Wednesday downplayed the need for further rate cuts in the coming months despite...

San Diego’s most expensive land sale of the year so far just closed for a whopping $48,638,200. According to information from the San Diego County MLS and Pacific Sotheby’s International Realty, the 22-acre site in Mission Valley is slated for construction in 2020.
The four-parcel property, located...

Be prepared. Tonight, goblins and witches will roam the streets. As trick-or-treaters canvass neighborhoods in search of sweets, ensuring you have a safe path to your front door is as essential as having a plenty of candy on-hand.
Before the sun sets tonight, it is recommended you inspect your walk...

Buyers in San Diego need to take out a mortgage nearly four times their annual income in order to afford a home in the region according to a new report from Realtor.com. The conventional wisdom is that home buyers shouldn’t spend more than three times their annual salary on the price of a property b...

The national home ownership rate, property values and sales are all elements of the housing market that have either returned to pre-recession levels or are making strides in that direction. Despite this, the rate at which new homes are being built in the U.S. are far from a full recovery. In fact, a...

Lawmakers in California last week approved a statewide limit on annual rent increases for most tenants. This sweeping mandate is the latest step to curb rapidly rising rent prices in the State. Specifically, the new law, which would become retroactively effective as of March this year, caps annual r...

Realtor.com reported this week that home prices fell 1.8 percent in August, unordinary for a month that traditionally still sees summer homebuyers clamoring over real estate.
“What it tells us is, fall came earlier than expected,” said Senior Economist George Ratiu of Realtor.com. A lot of homes on...

The number of foreclosure filings in the U.S. increased four percent from July to August with the addition of 53,007 properties nationwide. That equates to approximately one in every 2,554 properties. Despite last month’s increase, overall filings remain 24 percent lower than they were a year ago....

The rate at which home values are increasing across the nation has slowed significantly over the past year and many experts anticipate this trend will continue for the foreseeable future. Over the past year as potential homebuyers found prices beyond affordable levels, demand declined, resulting in...

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